| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20491 |
| 来源ID | Working Paper 20491 |
| Fertility and Financial Development: Evidence from U.S. Counties in the 19th Century | |
| Alberto Basso; Howard Bodenhorn; David Cuberes | |
| 发表日期 | 2014-09-11 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | The old-age security hypothesis establishes that one important reason why parents have a large offspring is to ensure that they will receive financial support from them in old age. In this paper we use data on fertility and financial development in 19th century U.S. to indirectly test this theory. In particular, we explore whether more developed local financial markets reduce the incentives for families to have a large offspring. After controlling for several factors likely to create cross-county variation in fertility levels and for potential spatial correlation, we find that the presence of a bank and the degree of financial development in a given county are strongly associated with lower children-to-women ratios. We find compelling evidence for the old-age security hypothesis. |
| 主题 | History ; Financial History ; Labor and Health History ; Other History ; Regional and Urban Economics |
| URL | https://www.nber.org/papers/w20491 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578163 |
| 推荐引用方式 GB/T 7714 | Alberto Basso,Howard Bodenhorn,David Cuberes. Fertility and Financial Development: Evidence from U.S. Counties in the 19th Century. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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